#AceNewsServices – SEOUL – April 30 – (Reuters) – The operator of the South Korean ferry that capsized and sank this month with the loss of about 300 lives was apparently being squeezed by competition from budget airlines and had to increasingly rely on its cargo business.
The Sewol ferry sank on a routine voyage south from the port of Incheon to the holiday island of Jeju on April 16.
Investigators have not determined the cause of the accident but media has reported that the ship was overloaded with cargo and it may have been poorly stowed.
The ship was carrying 476 passengers and crew and had a capacity for 956.
The Korean Register of Shipping, which tested and certified the Sewol, stipulated that it should be loaded with no more than 1,070 metric tons of cargo and passengers combined.
It is not clear how much cargo it was carrying. Prosecutors have said determining the weight of the cargo is a key part of their investigation because of suspicion of overloading.
Latest news from the rising total of recovered bodies now stands are over 200 and still rising, with a number of the crew-members having been arrested. As l reported over the last few days a number of people including the country’s Prime Minister Chung Hong-won, who said he bore some responsibility for the handling of the situation.
Ace Related News:
Reuters – April 29 – http://tinyurl.com/qjry8d4
#AceWorldNews – SEOUL – April 27 – South Korean Prime Minister Chung Hong-won has resigned amid criticism of the government’s handling of the sinking of a passenger ferry. http://wp.me/p165ui-4Yp
BBC News – April 27 – http://tinyurl.com/od5oha5
April 26 – 13.02 GMT: (PressTV) April 26 – All 15 crew members involved in the navigation of a ferry that sank off South Korea’s south-western coast are now in custody.Divers have recovered 183 bodies from the submerged vessel, which capsized on its way from Incheon to the island of Jeju on April 16. http://wp.me/p165ui-4XV
April 22 19.06 GMT – #AceWorldNews – SEOUL – April 22 – Two more crew-members from the sunken South Korean ferry Sewol were arrested Tuesday, bringing to nine the total number facing charges, CNN reported. http://wp.me/p165ui-4US
April 21 10.22 GMT: http://wp.me/p165ui-4Tz
April 18 14.36 GMT: http://wp.me/p165ui-4R1
April 16 20.12 GMT: http://wp.me/p165ui-4Oh